moy delivering

I think MOY could be cash flow positive this month if recovery is maintained at +90% and the plant is running at capacity. If they are confident they can maintain the recovery then they will mill ore not low grade commissioning dirt. Brian suggested they would be breakeven this month but maybe that is just to do with the timing of sales. They could hold enough gold to be the equivalent of CF positive for the month. That would give speculators a lot of confidence in the run up to the options expiring. Management seem to be conservative in their announcements and prudent in their approach to development which is great – they’ve experienced the tough times – with trying to start the project in ’06 and having to abandon it and Brians experience at Copperco…itll be an interesting next few months